Important disclosure

Southern Cross Credit Union

Fully Secured Personal Loan

Real Time Rating™

  • 3 to 7 years
  • Secured
  • Fixed Rate
Interest Rate

7.99%

p.a

Comparison Rate*

8.90%

p.a

Real Time Rating™
Tags
  • 3 to 7 years
  • Secured
  • Fixed Rate
Interest Rate

7.99%

p.a

Comparison Rate*

8.90%

p.a

Calculate your repayments for this loan

$

Your estimated repayment

$940

based on $30,000 loan amount for 3 years at 7.99%

Pros and cons

For Fully Secured Personal Loan

Benefits

  • Lower than average rate
  • No early exit penalty
  • Flexible repayment options
  • Can apply online
  • Can apply in branch
  • Use the loan for any worthwhile purpose

Drawbacks

  • Service fee charged
  • Higher than average application fee

Southern Cross Credit Union Rate Personal loan overview

For Fully Secured Personal Loan

Details

Total repayments

Interest rate type

Fixed

Borrowing range

$5k - $150k

Security type

Secured

Loan term

3 to 7 years

Secured by

Vehicle

Loan type

Is Fully Drawn Advance

Repayment frequency

Weekly, Fortnightly, Monthly

Target Market Determination

Visit Southern Cross Credit Union to view Target Market Determination.

Features

Extra repayments

Yes

Redraw facility

Instant approval

Time to funding

N/A

Fees

Upfront Fee

$250

Ongoing Fee

$8 Monthly

Missed Payment Penalty

$0

Early Exit Penalty Fee

$0

Permitted Loan Purposes

New Car

Used Car

Motorcycle

Boat

Debt Consolidation

Renovation

Holidays

Medical Bill

Shares

Student Loan

Wedding

Promoted personal loans

Promoted

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Low Rate Personal Loan Secured (Excellent Credit)

Real Time Rating™
  • 1 to 7 years
  • Secured
  • Fixed Rate
  • No ongoing fees
Interest Rate

6.57%

p.a

up to 8.48%

Comparison Rate*

From

7.19%

p.a

up to 13.58%

Promoted

Secured

Personal Loan (Excellent Credit)

  • Via broker
  • 1 to 7 years
  • Secured
  • Fixed Rate
Interest Rate

7.49%

p.a

up to 13.95%

Comparison Rate*

From

8.33%

p.a

up to 17.58%

Promoted

Generic

Unsecured Personal Loan (Excellent Credit) (Amount > $5000)

Real Time Rating™
  • 3 to 5 years
  • Unsecured
  • Fixed Rate
  • No ongoing fees

2024 Award Winner

Interest Rate

5.76%

p.a

up to 24.03%

Comparison Rate*

From

6.55%

p.a

up to 24.99%

FAQs

How long are $3000 loans?

Medium amount loans can be repaid between 16 days and 2 years. Many personal loans have terms between 1 year and 5 years, though some are as short as 6 months while others last for 10 years.

Generally, the shorter a loan’s term, the more expensive your regular repayments may be, but the less total interest you’ll pay. Loans with longer terms mean more affordable repayments, but more interest charges over the full term.